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Project risk management process

Estimated reading time: 5 minutes     Projects involve many risks such as cost risks, schedule risks and resources risks. Hence as a project manager, you need to be aware of any and all risks that could affect your project. Risk management is not a reactive approach, but a proactive approach that should be part…

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Managing Project Costs & Budgets

Estimated reading time: 5 minutes   When planning and managing for project costs, several factors come into play and the ability to successfully manage them will improve the chances of project success. While the 2 most common factors that lead to project delay and increased in project costs are design errors and scope change, there…

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Project Performance

Estimated reading time: 5 minutes     Effective measures for auditing project performance and controlling projects is the key to any project’s success. Project audits are done to assess the progress of a project and regular audit sessions ensure that a project’s management is in-sync with the project objectives. A standard checklist used includes: Strategic…

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